AN EXCRUCIATING EMAIL EXCHANGE BETWEEN LM AND A FINANCIAL ADVISER If there can be any doubt that directors of the company and salesmen of the product were lying their heads off then the following long series of emails from an adviser trying to get his clients’ money back will put an end to them. Martyn Terpilowski had succeeded in getting …
LM FUND CLIENT WAS ABLE TO REDEEM HIS INVESTMENT – BUT HE WAS A BANKER
KICKING THE LM CAN DOWN THE ROAD! Heather McLeish A client was able to redeem a large investment from LM but it still took two years and he had a senior position at a well known investment bank and there were threats to sue. In continuing revelations by Martin Terpilowski, whose client it was, replies from senior executives at LM, …
LM MANAGED PERFORMANCE FUND WAS FOR ‘SOPHISTICATED INVESTORS ONLY’
The LM Managed Performance Fund was for ‘sophisticated investors only’. This may come as a surprise to clients whose money was put in property in Australia just before the crash time in a boom and crash market. In continuing revelations Martin Terpilowksi, who had high end clients in the fund, concludes that independent financial advisers knew that LM was a …
LM – PONZI! PONZI! PONZI? – BUT AUSSIE REGULATORS DID NOTHING
WHAT WATCHDOG? Were alarm bells ringing about LM? Did the Australian regulators hear them? Were they told? Apparently yes. More revelations today in correspondence with Peter Drake and Linda Darcy at LM reveal how legal action was threatened by Drake who wanted to keep a lid on what what going on. If it walks like a duck and talks like …
How LM Locked In Its Clients
Be careful out there and see how Thailand regulates these advisers The Australian authorities cannot seem to find anything criminal about it. But in 2011 Peter Drake started locking in clients money to his funds for up to five years. This was two years one fund had already gone belly up and punters were unable to get their money back. …
LM IS ‘NEVER HAVING TO SAY YOU’RE SORRY
LM BOSS – ‘FED UP WITH THE IGNORANCE’ LM boss Peter Drake says he has decided to remove the internet blog he set up to justify his actions prior to the collapse of his funds which has left hundreds of people throughout Southeast asia improverished. He claims that he can no longer put up with the ignorance and abuse. This last …
AUSSIE SCANDAL HIT FUND MANAGER BREAKS HIS SILENCE TO THREATEN ‘FAT ENGLISHMAN’
THE CHARMED LIFE OF AUSSIE FUND MANAGERS News today for the South East Asian victims of the great LM financial fund Ponzi scam. This scam has ruined many people in Thailand who put their life savings, or had their Financial Advisers put their life savings into this fund believing it was as safe as an Australian Bank. The boss, whose …